New Delhi: Infosys surprised analysts on Friday as its sales for the third quarter of financial year 2013–14 (Q3 FY’14) posted higher than expected figures. In 7 months since is back the founder and mentor Narayan Murthy, 50% of the losses have been recovered and the stock’s volatility has been brought below 40%, which is its lowest in past several quarters.
A 19.4% net profit compared to previous quarter, which is way above than the experts were expecting for the quarter of FY’14 ending in December, Infosys has proved that it is one of the most consistent performers across the Dalal Street. On year-on-year basis, the second largest IT service provider in India grossed a 21.4% growth profit.Read more
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